2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 17-702 - Engagement of investment activities in Iran [Subtitle subject to abrogation]
§17-702. IN EFFECT
** CONTINGENCY - IN EFFECT - CHAPTERS 446 AND 447 OF 2012 **
For purposes of this subtitle, a person engages in investment activities in Iran if:
(1) the person provides goods or services of $20,000,000 or more in the energy sector of Iran, including a person that provides oil or liquefied natural gas tankers or products used to construct or maintain pipelines used to transport oil or liquefied natural gas for the energy sector of Iran; or
(2) the person is a financial institution that extends $20,000,000 or more in credit to another person for 45 days or more if the person to whom the credit is extended:
(i) will use the credit to provide goods or services in the energy sector of Iran as described in item (1) of this section; and
(ii) is, at the time of the extension of credit, identified on a list created under § 17-704 of this subtitle as a person engaging in investment activities in Iran.
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